Capital Transfer Tax (Hansard, 24 October 1978)

§ Mr. Lawson

asked the Chancellor of the Exchequer if he will update his reply to the hon. Member for Norfolk, North (Mr. Howell) Official Report, 23rd Janu-

March 1974 capital transfer tax thresholds	March 1974 estate duty thresholds
At March 1974 prices	At September 1978 prices†	At March 1974 prices	At September 1978 prices†	Present thresholds
£	£	£	£	£
15,000	29,300	—	—	25,000‡
20,000	39,000	—	—	30,000‡
25,000	48,800	—	—	35,000‡
30,000	58,500	15,000	29,300	40,000
40,000	78,000	20,000	39,000	50,000
50,000	97,600	30,000	58,500	60,000
60,000	117,100	40,000	78,000	70,000
80,000	156,100	50,000	97,000	90,000
100,000	195,100	60,000	117,100	110,000
120,000	234,200	80,000	156,100	130,000
150,000	292,700	100,000	195,100	160,000
200,000^*	390,300^*	—	—	210,000^*
250,000^*	487,800^*	—	—	260,000^*
300,000^*	585,400^*	—	—	310,000^*
500,000	975,600	150,000	292,700	510,000
1,000,000	1,951,300	200,000	390,300	1,010,000
2,000,000	3,902,500	500,000	975,600	2,010,000
^* Threshold applicable to lifetime transfers only.
† The index used for comparison was the general retail price index—all items. Thresholds rounded to the nearest £100.
‡ Charged to capital transfer tax at rates below the minimum estate duty rate.